Turkish central bank lifts its interest rate by 500 points to 30%

The Central Bank of the Republic of Türkiye (CBRT) Thursday lifted its key coverage price often known as the one-week repo price in step with the general market forecast, affirming its financial tightening cycle drive following the U-turn in financial insurance policies after the May elections.

Accordingly, the financial institution raised its coverage price by one other 500 factors to 30% following the rise of a complete of 1,650 foundation factors until August.

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